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Ann: Preliminary Final Report , page-6

  1. 146 Posts.
    The big issues are the $1.9m writedown in Carnarvon which represents a massive cost overrun still without being completed. The cash in bank is not a huge amount and we don't know whether this will see us through to the completion of the install.

    The financials are capable of being improved and so is the perception of the quality of the executive team. My solution is that they hadover to a new team who actually have some respect for their shareholders.
 
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